Over the last five years 3,572 SBA loans in Michigan went to businesses under two years old, 28% of every approval in the state (4 points below the national rate). 2,128 of them were loans that opened the business in the first place.
Every lender here has approved loans for businesses under two years old in Michigan. The percentage is how much of their Michigan lending went to new businesses, which tells you whether they do it routinely or made an exception.